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Chalco said in a statement it plans to buy mining construction company Henan Zhongzhou Aluminum Construction Co. for CNY14.43 million and construction supervision company Henan Xincheng Construction Supervisory Services Co. from its parent for CNY3.37 million.
The alumina and aluminum producer also said it will buy mining chemicals company Jiaozuo Hongrui Chemical Co. by acquiring a 74% stake from its parent and a 26% stake from Zhongzhou Aluminum Factory Labour Services Co. for a total of CNY12.2 million.
It said the acquisitions will broaden its income base and improve its financial performance.
-By Lorraine Luk, Dow Jones Newswires; 852-2802-7002; lorraine.luk@dowjones.com
(END) Dow Jones Newswires
10-29-09 2027ET
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